After ending a relatively choppy week on a high note, markets seemingly took a breather today as bullish momentum slowed its course. ECB President Mario Draghi’s comments last week had investors skeptical of how committed the central bank was to helping ease the plagued region’s deepening financial crisis. The ECB had emphasized their willingness to take “unconventional measures”, but only under strict conditions and after struggling countries submit a request for aid. Over the weekend however, Spanish Prime Minister Rajoy hinted at the possibility of the debt-laden nation making a formal request for support from the Euro Zone bailout fund. Although Spain has not officially committed itself to the ECB’s new stimulus measures, stocks took their cue and managed to stay in positive territory [see also ETF Insider: No News Could Be Good News]. Global Market Overview: Solar Flares And Sleeping Bears U.S. equities rallied on the back of a [...] Click here to read the original article on ETFdb.com. Related Posts: 5 Equity ETFs In Steady Uptrends 5 ETFs For Fiscally-Sound Emerging Markets 10 Surprising ETF Stats From Mid Year ETF Data 5 Of The Best ETF Performers Of The First Half (Plus The 5 Worst) War In Syria, Crisis In Europe: Short Russia ETFs
After ending a relatively choppy week on a high note, markets seemingly took a breather today as bullish momentum slowed its course. ECB President Mario Draghi’s comments last week had investors skeptical of how committed the central bank was to helping ease the plagued region’s deepening financial crisis. The ECB had emphasized their willingness to take “unconventional measures”, but only under strict conditions and after struggling countries submit a request for aid. Over the weekend however, Spanish Prime Minister Rajoy hinted at the possibility of the debt-laden nation making a formal request for support from the Euro Zone bailout fund. Although Spain has not officially committed itself to the ECB’s new stimulus measures, stocks took their cue and managed to stay in positive territory [see also ETF Insider: No News Could Be Good News]. Global Market Overview: Solar Flares And Sleeping Bears U.S. equities rallied on the back of a [...]
Click here to read the original article on ETFdb.com.
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